MTI Liquidators Face Shrinking Estate Amid Rising Claims
- Liquidators of Mirror Trading International (MTI) have received claims totaling nearly $395 million.
- As of Feb. 18, only $35.8 million remains in the estate, down from $38.75 million in June.
- FXChoice froze 1,281 Bitcoins in June, representing a significant portion of the estate’s recovery.
- Liquidators have spent approximately $32 million on legal fees and global recovery operations.
- The investigation process will begin to finalize valid claims by weeding out class three debtors.
Mirror Trading International’s collapse has led to substantial financial losses for creditors, with liquidators facing a daunting task in managing nearly $395 million in claims while available funds dwindle to just $35.8 million as of February this year.
The estate’s recovery efforts have been hampered by high legal costs and global operations, with FXChoice’s freezing of Bitcoin assets providing a crucial boost amid shrinking resources.(Source)
